Investing.com – U.S. new home sales declined unexpectedly in October, official data showed on Wednesday.
In a report, the U.S. Census Bureau said new home sales fell to a seasonally adjusted 283,000 units in October, after rising to 307,000 units in September.
Analysts had expected the number of new home sales to rise to 312,000 units in October.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.11% to hit 1.3383.
Meanwhile, U.S. equity markets were broadly higher after the open: the Dow Jones Industrial Average jumped 0.82%; the S&P 500 index leaped 0.80%, while the Nasdaq Composite index soared 1.40%.
In a report, the U.S. Census Bureau said new home sales fell to a seasonally adjusted 283,000 units in October, after rising to 307,000 units in September.
Analysts had expected the number of new home sales to rise to 312,000 units in October.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.11% to hit 1.3383.
Meanwhile, U.S. equity markets were broadly higher after the open: the Dow Jones Industrial Average jumped 0.82%; the S&P 500 index leaped 0.80%, while the Nasdaq Composite index soared 1.40%.